Are you thinking of hiring an employee? If so, give careful consideration to the questions asked in your company’s employment applications. There are a number of problem areas that can land your business in hot water if you include them in an employment application or ask them during a job interview. If you plan to …Read more →
What is a Prenuptial Agreement?
Also known as a pre-nup, a prenuptial agreement is an agreement to pre-determine the terms a divorce before you have married. While some people criticize pre-nuptial agreements as being a bet that you will divorce, in fact drafting a prenuptial agreement is often a good decision, even if you have …
Why Purchase a Business
Are you considering starting a business in Florida? If so, you may find that it makes more sense to purchase an existing business. An existing successful business has trained employees, an established customer base, and sufficient cash flow. However, there are some potential pitfalls. Here are a few things you should …
What a Franchise Offers
A franchise offers an opportunity to fulfill your dreams of being an entrepreneur. When you purchase a franchise, you’re buying instant brand recognition, as well as ongoing support to help your business succeed. However, a franchise is not a guarantee to success. There are several elements to consider when buying a …
Are you thinking about hiring an employee for your business, and are wondering whether you should have the new employee sign a contract? Or have you recently accepted a job, and have been asked to sign an employment agreement? If so, you may be wondering how having such an agreement in place can benefit you.…Read more →
Are you owed money, but aren’t sure how to collect the funds? If so, a lien may be an option. A lien is a legal claim to property for payment of a debt. Usually, though not always, the debt is connected to the property, such as a lien against real estate for the payment of …Read more →
Before discussing about the benefits part, let’s look at the limited liability company definition. A LLC or limited liability company is flexible format of any business that combines elements of corporate structures and partnership. It is considered to be a legal form of company which renders limited liability to its owners in United States. The …Read more →
If you are considering owning an LLC or corporation in Florida, bylaws or operating agreements are among the first documents that should be drafted for your business. Both by-laws for corporations and operating agreements for LLC lay out important principles upon which the business is to be run. The purpose of the document is to …Read more →
Officers v. Directors
Florida corporations have two levels of authority at the top of the hierarchy: the Board of Directors and Corporate Officers. Within the company, an elected Board of Directors hires and supervises all Officers, and all Officers are employees of the company who report to the Board. While both Directors and Officers serve …Read more →
Advantage of Shareholder Agreements
What is a shareholder agreement?
A shareholder agreement is an internal document that sets out the rights and obligations of company shareholders. It covers important matters concerning the management, structure, and funding of the company. This is a valuable tool for governing a company in order to ensure efficient management and …